We've arrived in the Digital Age. But does this mean that all businesses are digitally advanced?

In short, no.

Today YES BANK, one of the largest Indian private sector banks, launched cashless payment solution for Nashik Smart City, in partnership with the Nashik Municipal Corporation (NMC) to aid the Government’s dream of a less-cash economy.

German Robo Advisor Ginmon and other FinTechs move into the new center “The Spot” and settle in Frankfurt’s financial district. With a monthly growth rate of 30 percent and 30 employees an extension of area became necessary for Ginmon. The new accommodation of 400 square meters is situated in the new founded FinTech-Hub “The Spot” (Mainzer Landstraße, nearby François-Mitterrand-Platz). Ginmon’s new office is close to the financial district as well as to the quarter around the railway station. “The new location symbolizes our image as a reachable and accessible financial service provider.

Payscape Financial technology provider, has teamed up with Atlanta’s Embassy National Bank, to provide local businesses with the latest financial products and services that will allow them to increase cash flow, process payments, and streamline their business operations through innovative software solutions.

The demand for technology has risen over the years, mostly for supporting centralized data collection, streamlining procedures, and managing the constant changes in regulations with attention to risk and complying with client guidelines. With increased reliance on technology, vendor management systems are getting a major overhaul. The key components that are being focused on are analytics, automation, and data administration.

BlockchainOS has entegrated EYC3, EY’s Asia-Pacific data and analytics capability, to support development of the BOScoin cryptocurrency.

On April 5 and 6, I attended the EXEC Fintech / Insurtech conference in Berlin, Germany. The event featured a diverse group of professionals, mostly from Germany and other European countries; but also from Canada, the US and other parts of the world. Here are my main takeaways.

Advanced analytics in insurance